Morepen Laboratories500288Quarterly results
Board approves Q2 & H1 FY27 results; High Court quashes Rs.117.94 crore GST demand
Board approved unaudited standalone & consolidated results for Q2/H1 ended 30 Sep 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 74650.19 | 41157.58 | +81.4% | 57012.81 | +30.9% |
| Total income | 75518.71 | 41621.21 | +81.4% | 57531.15 | +31.3% |
| Profit before tax | 11653.95 | 4569.49 | +155% | 7452.74 | +56.4% |
| Profit after tax | 8889.09 | 4104.35 | +117% | 5634.58 | +57.8% |
| Total comprehensive income | 8896.20 | 3952.25 | +125% | 5658.95 | +57.2% |
| Basic EPS | 1.62 | 0.75 | +116% | 1.03 | +57.3% |
- Total income YoY growth
- +81.4% (Year ago 41621.21)
- Profit after tax YoY growth
- +117% (Latest 8889.09, Year ago 4104.35)
- Period
- Quarter Ended 30.09.2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional items - Income of 2582.54 lakhs recorded in the quarter ended 30.09.2025; none in the quarters ended 30.09.2026 and 30.06.2026.
- On October 14, 2026 the High Court of Himachal Pradesh quashed a GST Show Cause Notice seeking recovery of Rs.117.94 crores; contingent liability of Rs. 317.37 crores as at March 31, 2026 no longer exists.
- Shareholders approved final dividend of Rs. 0.20 per equity share of face value Rs. 2.00 at the AGM on September 26, 2026; dividend was paid on October 13, 2026.
The board met on Tuesday, 27 October 2026 from 11.30 a.m. to 1.25 p.m. and approved the company's unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, on the recommendation of the Audit Committee. The results were taken on record along with the auditors' limited review reports.
Auditor's review conclusion
- S.P. Babuta and Associates reviewed both the standalone and the consolidated statements.
- The conclusion is unmodified: nothing came to the auditors' attention that causes them to believe the statements contain a material misstatement.
- A review provides moderate assurance and is narrower in scope than a full audit; the auditors state they do not express an audit opinion.
- The consolidated statement covers the parent plus Indian subsidiaries and foreign subsidiaries in the USA and UAE.
Key consolidated figures (Rs. in lakhs)
- Revenue from operations: 74650.19 for the quarter, 131663.00 for the half year
- Total income: 75518.71 for the quarter
- Net Profit after Minority Interest: 8889.47 for the quarter, 14529.41 for the half year
GST matter disclosed in the notes
- On 14 October 2026 the company received a favourable order from the High Court of Himachal Pradesh, Shimla, in a matter relating to a show cause notice issued by the Office of the Commissioner, Central GST & Central Excise Commissionerate, Shimla seeking recovery of Rs.117.94 crores.
- The show cause notice was quashed and the writ petition shared by the company was disposed of.
- The contingent liability of Rs. 317.37 crores (inclusive of recovery amount, interest and penalty) as at 31 March 2026 no longer exists now.
Dividend
- Shareholders approved a final dividend of Rs. 0.20 per equity share at the annual general meeting held on 26 September 2026, and it was paid on 13 October 2026.
How to read this
- This is the company's quarterly and half-yearly results announcement; the auditor conclusion on the statements is unmodified.
- The court order on the GST demand removes a contingent liability of Rs. 317.37 crores that had been carried as at 31 March 2026, which changes how the liabilities side of the balance sheet reads.
- The dividend referred to is already paid, so it is a completed event rather than a fresh proposal.
Rs. 317.37 croresContingent liability no longer
Consolidated Net Profit Minority Interest, half yearRs. 14529.41 lakhs
Profit before tax, quarter7452.74 (Rs.in Lakhs)
Profit after tax, quarter5634.58 (Rs.in Lakhs)
Profit after tax, year-ago quarter4104.35 (Rs.in Lakhs)
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More numbers
- Consolidated Net Profit after Minority Interest, quarterRs. 8889.47 lakhs
- Consolidated Revenue from operations, half year ended 30.09.2026Rs. 131663.00 lakhs
- Consolidated Net Profit after Minority Interest, half yearRs. 14529.41 lakhs
- GST recovery sought in show cause notice quashed by High CourtRs.117.94 crores
- Contingent liability as at 31 March 2026 no longer existingRs. 317.37 crores
- Final dividend per equity shareRs. 0.20
- Total income, latest quarter75518.71 (Rs.in Lakhs)
- Total income, year-ago quarter41621.21 (Rs.in Lakhs)
- Total income, previous quarter57531.15 (Rs.in Lakhs)
- Total comprehensive income, latest quarter8896.20 (Rs.in Lakhs)
- Total comprehensive income, year-ago quarter3952.25 (Rs.in Lakhs)
- Total comprehensive income, previous quarter5658.95 (Rs.in Lakhs)
- Profit after tax, latest quarter8889.09 (Rs.in Lakhs)
- Profit after tax, year-ago quarter4104.35 (Rs.in Lakhs)
- Profit after tax, previous quarter5634.58 (Rs.in Lakhs)
- Revenue from operations, latest quarter74650.19 (Rs.in Lakhs)
- Revenue from operations, year-ago quarter41157.58 (Rs.in Lakhs)
- Revenue from operations, previous quarter57012.81 (Rs.in Lakhs)
- Profit before tax, latest quarter11653.95 (Rs.in Lakhs)
- Profit before tax, year-ago quarter4569.49 (Rs.in Lakhs)
- Profit before tax, previous quarter7452.74 (Rs.in Lakhs)
Source: BSE · 27 Oct 2026
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